Audit Reform Special

Big Four

Competition Commission outlines five-year audit tenders

Auditors to bid for work every five years under new competition rules; but avoid mandatory rotation

22 Jul 2013

eu-us-flag

America has put the mockers on EU audit reform

Decision to prohibit mandatory rotation in the US puts question mark over EU audit policy

10 Jul 2013

capitol hill

US accountants applaud mandatory audit rotation block

US decision to prohibit mandatory audit rotation sends "clear message" to end debate in Europe

09 Jul 2013

Barclays defends Big Four audit role

Current banking audit rules "working for shareholders", Barclays claims in Competition Commission submission

01 Jul 2013

FRC dismisses enhanced audit competition role

Reporting watchdog questions usefulness of secondary duty of promoting competition between audit firms

24 Jun 2013

FRC may be handed audit market competition remit

Competition Commission may call in FRC to support measures to break audit dominance of the Big Four

07 Jun 2013

FRC makes changes significant changes to audit reports

The finance watchdog has made changes to ISA 700 - in the hope of increasing communication with investors

04 Jun 2013

Wrangling persists over who should oversee auditing in the EU

Supervision, mandatory rotation and a black-list for non-audit services proved contentious when discussed by EU finance ministers

31 May 2013

Interview: New IFAC chief executive Fayez Choudhury

Choudhury talks about ramping up the global accountancy representative's offering - while trying to make sure the profession isn't misunderstood

28 May 2013

Close season endangers swift passage of EU audit reform

Commentary on Juri's recent clearance of its version of rules to revise company audits tends to be "let's try to make the best of things"

30 Apr 2013

Audit reforms are a great compromise: no one is happy

Neither the Big Four nor mid-tier firms are happy with Sajjad Karim’s proposals for 14-year mandatory audit rotation. The essence of a good compromise

26 Apr 2013

Audit reforms “nudge” in right direction but leave many unsatisfied

Compromised stance on auditor rotation periods leave profession unsatisfied for different reasons

26 Apr 2013

Europe imposes mandatory rotation on audits

MEPs vote for mandatory rotation of auditor every 14 years, although this can be extended to 25 years by some member states

25 Apr 2013

Competition Commission revises audit reform timetable

Revised timetable sees final report brought forward to September

25 Apr 2013

Audit market “flirting with stagnation”, says PCAOB chair

Lack of information and difficulty in discerning the difference between audits risks market stagnation, warns James Doty

19 Apr 2013

FCA chairman Griffith-Jones under fire over HBOS audits

The new City watchdog was last night fighting to defend its chairman amid accusations that as head of its auditors KPMG, HBOS pursued reckless lending strategy

09 Apr 2013

Big Four find Competition Commission audit conclusions lacking

Big Four audit firms criticise basis of watchdog's conclusions as "flawed", "unsound" and based on selective evidence

08 Apr 2013

Colin: The ideal candidates for audit reform

Colin suggests candidates falling well within the criteria for audit reform

02 Apr 2013

Tension grows as EU audit decision looms

A recent Brussels conference captured the full range of views over the future structure of the audit market

02 Apr 2013

Transparency and flexibility are keys to audit reform

European parliament hears transparency, quality and role of investors must be addressed in audit reforms

27 Mar 2013

Page 3 of 18

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Bank raiding powers could put HMRC at top of insolvency pecking order

Will HMRC’s new bank raiding powers see insolvency practitioners pursuing it for funds taken illegally in the event of bankruptcy?

Miller's Tale: Quality time(sheets)

Love them or loathe them, timesheets are a part of day-to-day life for most practices. Cara Miller asks whether they're actually outdated, and a hindrance

The Practitioner: In death comes clarity

The untimely death of a client makes The Practitioner think about the role of an accountant

iht-key

Probate: How to manage death and taxes

Mick Jones takes a sideways, but informative, view on the issues accountants face in offering probate services

Colin: There's nothing like a well-thought-out plan

Colin wonders whether some SMEs are keeping it too simple

Taking Stock: When tax is stranger than fiction

Sometimes you just can't make it up, TS finds

Scrapping IR35 all very well – but what else?

IR35 has proven ineffective, but 'what are the alternatives?' asks Calum Fuller

Share Price Centre

Track the fortunes of UK-listed companies with our Share Price Centre

PI Insurance

Professional Indemnity insurance tailored to the needs of small- to medium-sized practices

Find Me An Accountant

Locate an accounting practice that meets your particular business needs

HM Revenue & Customs

Head Of Financial Control

HM Revenue & Customs, Telford, Full Time, Permanent/p>

 

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Briefings

budget-management

Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.

cchcover

iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.